Merchants in the USA including fashion retailers Vince, Burton, G-Star and Scotch & Soda have begun enabling staff to accept in-store contactless payments on iPhones using Apple’s Tap to Pay software point of sale (sPOS) feature... More
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Visa survey identifies capped contactless fare payments as key driver of more frequent public transportation usage
More than nine in ten public transport users worldwide expect transit services to offer contactless fare payment options (91%) and just under half prefer to make contactless payments for their transit fares (45%), according to Visa’s 2022 Future of Urban mobility survey... More
World Bank reports ‘global surge’ in digital payments during pandemic
The Covid-19 pandemic has driven a “global surge” in digital payments with two-thirds of adults worldwide now making or receiving digital payments, rising from 35% in 2014 to 57% in 2021 in developing economies and from 88% in 2014 to 95% in 2021 in high-income economies, according to the World Bank’s Global Findex 2021 database... More
ING to pilot UWB for contactless P2P payments
Dutch bank ING is to pilot a payments feature that uses ultra wideband (UWB) technology to enable consumers to make peer-to-peer (P2P) mobile payments to another user’s smartphone without needing to find, enter or exchange personal data such as their email address or phone number... More
Team Energie lets drivers in Germany make contactless fuel payments at the pump with their smartwatch
Drivers in Germany can now use their Apple Watch or Android smartwatch to make contactless payments at the pump at Team Energie fuel stations across the country via a fuel payment app without needing to take their smartphone out of their bag, pocket or vehicle... More
Delta rolls out metal contactless credit card made from recycled Boeing 747 Jumbo Jet
Delta Air Lines passengers in the USA can now apply for a contactless credit card which is the first to have been made using recycled aircraft metal... More
Zuckerberg unveils plans to launch digital wallet for metaverse transactions
Meta is planning to develop a digital wallet that will enable consumers to purchase digital items such as digital clothing and music, confirm proof of ownership and manage their identity when accessing future metaverse services, CEO Mark Zuckerberg has revealed in a Facebook post... More
Atac pilots contactless fare payments on buses in Rome
Rome’s public transport operator Atac is testing the Tap & Go contactless fare payment system already in use on the Italian capital’s subway network on one of the city’s main bus routes prior to implementing it across its entire bus fleet... More
Nigeria to let consumers use feature phones to make payments with national digital currency
The Central Bank of Nigeria (CBN) is to enable consumers without smartphones to make transactions with the country’s eNaira central bank digital currency (CBDC) on devices such as feature phones using unstructured supplementary service data (USSD) codes that work in a similar way to SMS messages... More
Central bank rolls out national contactless transit ticketing system in Costa Rica
Public transport users in Costa Rica will soon be able to make contactless fare payments across all the country’s rail and bus networks with their EMV contactless card or device using a national multimodal transit ticketing system... More
RBR: More than 12,000 checkout-free contactless stores to be in operation by 2027
The number of checkout-free contactless stores around the world increased from 87 in 2020 to 252 in 2021 and will rise by more than 90% a year to exceed 12,000 by the end of 2027, according to Retail Banking Research (RBR)... More
Global shipments of contactless payment cards top 2bn in 2021
The total number of contactless payment cards and modules shipped globally exceeded 2bn for the first time and accounted for more than three-quarters of the overall total of 2.63bn smart payment card and module shipments during 2021 (76%), according to figures released by the Smart Payment Association (SPA)... More
More than 90% of card present payments worldwide were made using EMV chip cards in 2021
More than nine in ten card present transactions conducted globally (90.44%) were made using EMV chip-enabled payment cards between January and December 2021, up from 88.55% in 2020, according to standards body EMVCo... More
Ireland tops survey of contactless and cashless payments usage across 14 markets
Nearly two-thirds of consumers in Ireland now make contactless payments with a mobile phone, smartwatch or other device (65%) at least once a month compared with an average of just over half of consumers in other countries (55%), a survey has found... More
Apple Pay users in the US to get buy now pay later option with iOS 16
Apple iPhone users in the US will soon be able to opt to spread payments for purchases made using Apple Pay over a period of six weeks in four equal instalments using a ‘buy now, pay later’ service integrated into Wallet... More
Queensland extends pilot of regional open loop contactless ticketing system
Passengers travelling on the Ferny Grove suburban rail line in Brisbane in Queensland can now pay their fares with a tap of their contactless credit or debit card, mobile phone or smartwatch using the open loop transportation ticketing system that the Australian state is planning to roll out across 18 regional centres this year... More
Square to let merchants begin testing contactless payment acceptance on iPhone with Apple’s Tap to Pay
Merchants will soon be able to accept contactless payments directly on their iPhone using Apple’s Tap to Pay feature via the Square Point of Sale (POS) app without needing to connect their device to any additional hardware... More
Global chip shortages drive increased costs for contactless card manufacturers and issuers
The price of EMV-compliant chips supplied to contactless payment card manufacturers increased by more than 50% in 2021 and is expected to rise by more than 20% during 2022 with the overall cost to card issuers for finished first-use plastic cards rising by between 5% and 20% during 2021, according to US research firm Nilson Report... More
Visa adds Tap to Phone contactless payment acceptance for taxi drivers in Hong Kong
Taxi drivers in Hong Kong can now accept contactless payments on a standard Android NFC smartphone using Visa’s Tap to Phone software point of sale (sPOS) solution... More
Biometric remote mobile payments to be worth US$1.2tn globally by 2027
Total transaction values for remote mobile payments authorised using biometric authentication technologies such as face or fingerprint recognition worldwide will reach US$1.2tn by 2027 compared with US$332bn in 2022, according to a forecast by Juniper Research... More